In trading, the right method is simple: when the price moves in your favor, let the profit run. When the trade clearly goes against you, cut the loss and protect your capital.
But most people do the opposite. They sell as soon as they see a small profit, but when the trade starts to fall, they keep holding it in the hope that it will bounce back.
It’s due to emotions. We’re afraid to lose a profit, but at the same time, we don’t want to accept a loss.
To get better at trading, you have to fight this habit. Cut your losses, control your risk, and give your winning trades more time to grow. $ONG
But most people do the opposite. They sell as soon as they see a small profit, but when the trade starts to fall, they keep holding it in the hope that it will bounce back.
It’s due to emotions. We’re afraid to lose a profit, but at the same time, we don’t want to accept a loss.
To get better at trading, you have to fight this habit. Cut your losses, control your risk, and give your winning trades more time to grow. $ONG
